Asked by Klaeborne Bertrand on Feb 18, 2024
Verified
What are the components of the triple bottom line?
A) people,planet,and profit
B) people,profit,and prosperity
C) ethics,employees,and environment
D) stakeholders,communities,and employees
Stakeholders
People or organizations who have a “stake” in a company/organization, including employees, voters, government agencies and elected officials, customers, prospective employees, as well as customers and other similar individuals.
- Understanding the importance of considering social, environmental, and economic factors in business decision-making.
- Recognizing the significance of people, planet, and profit as key components of sustainable development.
- Identifying the role of ethics, employees, and the environment in achieving a triple bottom line.
Verified Answer
GO
Gabriel OrtunoFeb 18, 2024
Final Answer :
A
Explanation :
The triple bottom line consists of three components: people, planet, and profit. This framework emphasizes the importance of balancing economic, social, and environmental considerations in business decision making. The goal is to create value not just for the company, but also for society and the environment. Choice A correctly identifies the three components of the triple bottom line.
Learning Objectives
- Understanding the importance of considering social, environmental, and economic factors in business decision-making.
- Recognizing the significance of people, planet, and profit as key components of sustainable development.
- Identifying the role of ethics, employees, and the environment in achieving a triple bottom line.